Stocks Lose Ground as Traders Await Truce Update: Markets Wrap
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(Bloomberg) — US stocks pulled back from record highs as investors looked for progress toward a longer-term peace deal in the Middle East.
US Stocks Close at Record Highs on Peace Hopes: Markets Wrap
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(Bloomberg) — US stocks closed at record highs on Wednesday, as a potential peace deal in the Middle East and a strong start to corporate earnings season stoked investor optimism.
Risky Bond Sales Sweep Europe at Fastest Pace Since Iran War
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(Bloomberg) — Financial borrowers rushed to sell riskier bonds in Europe at the fastest pace since before the war in the Middle East began, signaling buoyant credit market sentiment on potential talks to end the conflict.
US and Iran Weigh Extending Their Ceasefire by Two Weeks
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(Bloomberg) — The US and Iran are considering extending their ceasefire that ends on Tuesday by another two weeks to allow more time to negotiate a peace agreement, according to a person familiar with the matter.
Luxury Giants Slump as Gulf Demand Seizes Up Due to War
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(Bloomberg) — Seven weeks of war in the Middle East are stifling demand in the luxury industry with LVMH, Kering and Hermès all reporting weak first-quarter sales.
S&P 500 Closes Near Record on Iran Peace Push: Markets Wrap
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(Bloomberg) — Stocks surged on Tuesday, with the S&P 500 Index closing within sight of a fresh record as optimism on the possibility of further peace talks between the US and Iran pushed down oil prices.
UBS Faces New Pressure on Nazi Accounts From Senate Panel
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(Bloomberg) — The chairman of the US Senate Judiciary Committee criticized UBS Group AG for not doing enough to investigate new leads into Credit Suisse’s involvement with Nazi accounts, adding to pressure on the Swiss bank over the sensitive issue.
S&P 500 Wipes Out 2026 Loss on Iran Deal Hopes: Markets Wrap
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(Bloomberg) — Stocks closed at session highs and were back in the green for 2026 after President Donald Trump said Iran still wanted to make a deal following a deadlock in peace talks and a US blockade of the Strait of Hormuz. Meanwhile, Goldman Sachs Group Inc. shares dropped in an underwhelming start to the earnings season.
Traders Convicted in Paris Over $23 Million Insider Scheme
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(Bloomberg) — Two Geneva-based traders were handed jail terms for their role in a secret network that made about $23 million on an insider tip from a former Societe Generale SA banker about a confidential multibillion-dollar merger.
Billionaire Aponte Passes on Shipping Giant MSC to Heirs
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(Bloomberg) — Gianluigi Aponte, the secretive Italian billionaire who founded and grew MSC Mediterranean Shipping Co. into the world’s biggest container line, passed ownership to his two children.
PolyPeptide Shares Surge Amid Takeover Interest From EQT, KKR
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(Bloomberg) — PolyPeptide Group AG shares hit the highest level in more than three years, after people with knowledge of the matter said the Swiss contract drugmaker is attracting private equity takeover interest.
World Finance Chiefs Head to IMF With a Sense of Déjà Vu
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(Bloomberg) — Economic policymakers are about to gather in Washington to assess the damage President Donald Trump’s war on Iran has caused to growth in the Middle East and beyond.
US Stocks Halt Rally at End of Best Week in 2026: Markets Wrap
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(Bloomberg) — Wall Street traders bracing for talks between the US and Iran halted a rally in stocks as oil whipsawed, with the negotiations set to dictate the path ahead for a fragile ceasefire.
Partners Group Says Fundraising Strong Despite Market Stress
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(Bloomberg) — Partners Group Holding AG said it saw “positive fundraising momentum” for its private markets strategies in the first quarter, as the firm seeks to distance itself from mounting concerns over the health of the private credit market.
PolyPeptide Is Said to Attract Takeover Interest From EQT, KKR
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(Bloomberg) — Swiss contract drugmaker PolyPeptide Group AG is attracting potential takeover interest from private equity firms including EQT AB and KKR & Co., people with knowledge of the matter said.
Switzerland Aims to Finalize US Tariff Accord by the End of July
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(Bloomberg) — Switzerland aims to finalize a US trade deal by the end of July, with the European nation pushing for assurances it won’t face higher duties than rival countries.
UBS Wins Dismissal of Credit Suisse Money-Laundering Charges Tied to Mozambique Tuna Bond Scandal
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(Bloomberg) — UBS Group AG won dismissal of a money-laundering case it inherited from its troubled former rival Credit Suisse linked to the so-called Mozambique tuna-bond scandal.
UBS Won’t Release Nazi Accounts Settlement Files Sought by Investigator After Court Setback
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(Bloomberg) — UBS Group AG says it won’t hand over a stash of privileged documents for a probe into Credit Suisse’s handling of Nazi-linked accounts after failing to win assurances that doing so wouldn’t expose it to new financial claims.
Global Rate Path Veers Higher in Wake of Another Trump Shock
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(Bloomberg) — Donald Trump’s second big shock to the world economy since he returned to the White House looks increasingly likely to force central banks into a new round of tightening.
S&P 500 Notches Longest Winning Run Since October: Markets Wrap
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(Bloomberg) — Wall Street traders drove stocks higher as oil closed below $100 after Israel agreed to direct talks with Lebanon, bolstering expectations that a US ceasefire deal will hold.
